Will Ripple Just Burn Billions of XRP Escrow? Jake Claver Explains What Could Happen
Covered by 2 sources · 2 articles
2 outlets - including Coin-turk and Timestabloid - are covering this story. 🔥 Ripple cannot destroy billions of $XRP in escrow without 80% validator approval. 📝 Only 3 of 35 key network validators are controlled by Ripple, limiting its direct power. 💸 The company monetizes escrowed $XRP through regular scheduled…
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Ripple cannot burn billions of XRP in escrow without 80% network approval
🔥 Ripple cannot destroy billions of $XRP in escrow without 80% validator approval. 📝 Only 3 of 35 key network validators are controlled by Ripple, limiting its direct power. 💸 The company monetizes escrowed $XRP through regular scheduled…
Will Ripple Just Burn Billions of XRP Escrow? Jake Claver Explains What Could Happen
Questions about whether Ripple could burn the billions of XRP held in escrow continue to surface within the cryptocurrency community. Investor and Web3 expert Jake Claver has now addressed the issue directly in a tweet, explaining that Ripp…